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Deciphering the Pros & Cons of Real-Time Data Streaming

Smart Data Collective

In a rapidly digitizing world, data is a crucial thing to both individuals and organizations. One of the recent developments in digital technology is streaming data in real-time. No matter the size and scale, a business can now reap irrefutable benefits because of the real-time data streaming option.

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Companies Need to Create Data-Centric Procurement Processes

Smart Data Collective

However, procurement departments have increasingly lagged behind in companies’ quests to digitize their workflow. Below, we make a case for the digitalization and data-centric decision-making models for procurement processes. It Allows You to Access and Monitor a Large Amount of Data.

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Azure Cloud Is Transforming the Way We Run Our Businesses in 2021

Smart Data Collective

For instance, Azure Digital Twins allows companies to create digital models of environments. It is an Internet of Things (IoT) platform that promotes the creation of a digital representation of real places, people, things, and business processes. Every part of that industrial installation is stored in a digital twin.

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Here’s How Data Analytics In Sports Is Changing The Game

Smart Data Collective

Driving Consumer Engagement Data analytics don’t only impact the way individuals and teams play a sport, but also how the general public engages with the sport. Most large-scale sports organizations have staff responsible for monitoring digital engagement and online content to boost engagement with a sporting individual or team.

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Ways Big Data Creates a Better Customer Experience In Fintech

Smart Data Collective

Start-ups and established fintech companies can use big data to understand the changing financial industry. With access to previous data, these companies can monitor purchasing behavior and predict future trends. They will also use historical and real-time data to identify possible customer challenges.

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Great Benefits of Leveraging Big Data in Investing

Smart Data Collective

Successful investors find suitable assets like post pandemic dividends and monitor their stocks. It is essential for value investors, who want to predict their future income or deploy high-frequency strategies, to capture broad, real-time data. You now know understand the different types of big data.

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Is Machine Learning Changing The Direction Of The Energy Sector?

Smart Data Collective

The use of digital and machine learning processes has helped foster a revival among the titans of energy through connecting and modernizing older systems, incorporating innovative technologies, and leveraging data in new ways. With digital transformation, organizations can streamline these workflows and automate the processes.